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that everything must be on the table including defense which accounts for 20% that you probably know of the budget that the defense doesn't seem to be on the table in terms of lightly discussed solutions or strategies. instead we confront the sequestration, a thoroughly bad idea for getting the defense budget or any other budget unless we take action we could take a fiscal or economic crisis that forces the cuts to the military priorities, steep and arbitrary cuts that are more coherent or prioritized. the question is can we and how do we achieve savings that can improve our fiscal outlook while meeting our national security needs. to quote at arnall mullen again, he said the pentagon budget was basically doubled in the last decade and in doubling the ability to prioritize to make the decisions to deutsch analyses to make trades. we also need a review of the defense strategy that makes sure that we are preparing for the threats and risks of the 21st century, not those of the past. the efforts on the longest lines to help advance the best ideas for improving our defense strategy. earlier this year,
in the defense sector and the head of a defense contractor who will feel that pain joins us next along with former vermont governor howard dean who argues maybe going over the fiscal cliff will be the best thing for the nation. >>> later, we have the former chairman of the council of economic advisers under president bush. he's going to join us as well as laura tyson, the former head of the cea under president clinton. we're going to get their take on the cliff and today's jobs number. >>> also, tough week for apple shares. is now the time to load up? stick around for the apple trade in the back half of this hour. stay tuned. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> one of my next guests thinks that going over the fiscal cliff would be a good thing for wall street. the other says defense cuts would pose an unacceptable risk to the economy, national se
take up two major same-sex marriage cases. the first is the defense of marriage act. the 1996 law denies federal benefits to legally married same-sex couples. the second is california's proposition 8 that makes same-sex marriage illegal in the state. a decision on these cases is expected next year. >>> in sports news, it's heisman time. the coveted trophy will be presented tonight in new york to the nation's best college football player. one of the finalists, texas a&m quarterback, johnny manziel, is a freshman. no first-year player has ever won the award. the other finalists are kansas state quarterback collin klein and notre dame linebacker manti te'o. i'll see you back here at the top of the hour. "your bottom line" starts right now. >> thanks, randi. see you at top of the hour. going over the fiscal cliff doesn't mean your taxes go up, it means programs and services that touch virtually every aspect of american life are downsized. good morning, everyone. i'm kristine romans. america can't afford itself. a long-term debt and deficit problems, and these are the folks who have to
today on c-span, a secretary of defense leon panetta visits the walter reed medical center followed by david coombs, bradley manning's of turning. the hearing on the republic of mali. >> the supreme court will look at what was passed in 2008 by a majority of 6-3. they're going to say that this president. >> they decided it was constitutional for them to establish i.d.s they did not say all of those states. >> correct. let me finish. you are misrepresenting what i am saying. >> when i hear these accusations that black people, voter i.d. laws a disproportionately affect us. if white people can go through all the laws, what are you telling back people? they are less than? that is what bothers me about rhetoric. we always have to make special --there has to be a specialist when we deal with minorities. it there too feeble mind it appeared we need to make concessions. they cannot follow the rules. we treat people like victims, i do not think they want to aspire. >> defense secretary leon panetta visited the walter reed medical center tuesday to celebrate the hospital's first anniversary.
a different view. the defense minister argued that exports to saudi arabia could help stabilize the situation in the middle east. we spoke to a defense analyst. i asked him how likely it is that saudi arabia could use these german tanks to put down uprisings and crush dissent. >> the boxer tanks which are discussed today are an armored vehicle used for transport purposes, not so much for riot control. it is a german-dutch corp. project. it is used mainly for the transportation to protect against insurgents in afghanistan. it is not designed so much for riot control or to control insurgencies, but more to protect the forces of germany and other countries in the field. >> the opposition is accusing the government of flouting court -- german guidelines. is that fair to say? >> the current policy guidelines for arms export in germany go back to the red green government a couple years ago. the current government is more or less responsible for the current guidelines. there is room for improvement. one of the points is that the arms export report is published one year after the actual decisions abo
going to participate in upcoming defense talks with chinese? and what message do you want to tell them? thank you. >> well, thank you for that question. of course the issues that are being placed today in a south china sea and other areas in the north and central, east asia, i think are quite complicated because of the nature of the territorial disputes, some of them historic, some of them now driven by the need for access to resources in those areas, and that's i think to some degree has motivated some of the activities that you see, seeing there. the u.s. position as you know is that we don't take sides on territorial disputes. there's many of those around the globe, not just in the south china sea. but we do want them resolve peacefully, without coercion. and that we call on all the parties there, including the chinese, to ensure that as they approach these problems that they do so in a way that avoids conflict, that avoids miscalculation, that uses the vehicles available today through diplomacy and through those legal forums that allow them to get to reasonable solutions on these w
] >> welcome again to the foundation for defense of democracy's annual washington forum. my name is kenneth schwartz. i have the pleasure of introducing distinguished public official robert kc, senior senator from the state of pennsylvania. you served since 2007 as chairman of near east and south asia subcommittee, senate foreign relations committee only in the first term. one can scarcely imagine a more challenging time, the past two years in the middle east have seen wars in international borders, collapse of regimes in decades and the rise of political movements that may yet turn hostile in the united states and its allies. new developments, he has led the way on many issues of great concern to ftd. he is founder and co-chair of the bipartisan senate caucus on weapons of mass destruction, terrorism, in that capacity worked across the partisan divide to highlight serious threats of -- weapons of mass deliberation. he has done as much to run our greatest threat in the middle east and often lead the way on pressure advancing nuclear activities and efforts to destabilize the middle east. in
president george w. bush appointed him secretary of defense. president obama asked him to stay at the pentagon making him the first defense secretary to serve in both a republican and the democratic administration, he left his post in june, 2011. at his farewell ceremony president obama awarded him the presidential award of freedom. >> the highest honor. >> this is a man i have come to know and respect. a humble american patriot. a man of common sense and decency. quite simply one of our nation's finest public servants. >> rose: today the united states face as wave of foreign policy challenges, including the pressing question of how to respond to the potential use of chemical weapons by the assad government in syria, the government warned him of the consequence conditions consequences he could expect. >> i want to make it clear to assad and those under his command the world is watching, the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons there will be consequences and you will be held accountable. >> rose:
for defense of democracy. they are hosting a forum called "dictators and dissidents." we'll take you live to the event with remarks from incoming chairman ed royce and senator bob casey and talking about syria and tensions in iran coming up in a few minutes. we will bring you a portion of the morning portion of the discussion at the foundation for defense of democracy. this segment and this panel discussion focused on the egyptian elections. >> good morning everyone. thank you, bob, for that introduction and thank you all of you for coming out early this morning for what i think will be a lively debate. we are going to be asking the question if democracy is to triumph in the middle east, victories at the ballot box are inavoidable and essential. this is the motion we will be debating in the intelligence-squared format per requests from our panelists who have done this once already -- they have had a practice round. they have not had a chance of doing this, but i suspect, had probably had several scotches and talked about ways to defeat their foes. we know that this is a time of revolution
by the department of defense to consider what ways we might also engage in terms of institutional development with the defense institutions and that's something in the last several years where we are ramping up in the department of the ability to provide advisers and other types of institutional reform engagement with various military partners to ensure that just as we are looking at strengthening of the tactical level we are also focusing on the institutional strength of these defense institutions. >> ms. dory can we afford to wait a year for planning, training, assembly of a regional force for the completion of negotiations for the successful election in some press accounts aqim is described as this point the best funded and best equipped most potentially lethal affiliate in the world and those accounts are overblown but the suggestion is we should have an area the size of texas controlled by terrorists engaged in drug trafficking and kidnappings that have had an inflow of some sophisticated weapons. can we afford to wait a year for the regional solution. >> i think one of the things as we
reassurance on the senkaku islands. the sena they unanimously im -- approved a key defense bill saying the territory is covered by the u.s.-japan security treaty. the senate approved the authorization act for fiscal 2013 and sets the framework for the defense budget and has been amended to state the u.s. acknowledges they administer the senkaku island and states they take no official position on the sovereignty of the territory. the bill also reaffirms the u.s. commitment to japan under article five of the bilateral security treaty. that part of the treaty says the american military will defend japan in the event of an attack. the senate stance is identical to thest u.s. government's official position on the senkaku islands. analysts say the bill could send a strong message to the government on this issue. >>> as we mentioned earlier the typhoon that hit the philippines is taking a toll. rachel ferguson is here with the details. >> hi. yes. bopha is now located to the west of the philippines, having moved across the islands. it's still a typhoon, so still a very potent system. winds ar
will be done in coordination with u.s. forces. defense officials in seoul are also considering raising the country's alerstatus by one notch. japan's self-defense forces are on the alert in advance of this possible missile launch. the maritime sdf vessel carrying pac-3 missile interceptors has left its home port in hiroshima bound for okinawa. the pac-3 surface-to-air missiles are capable of shooting down debris should it come near the ground. the interceptors will be placed at several sites in okinawa. defense ministry officials expect the missile's flight path could take it over the islands of okinawa. commanders say they'll deploy aegis cruisers in those waters. they say they would only react if debris from a missile fell over japanese territory. >>> investigators are trying to understand why a highway tunnel near tokyo collapsed. panels on the tunnel's ceiling gave way, trapping people inside. nine people were killed. the accident happened sunday morning along a highway connecting tokyo to other parts of central japan. operators say bolts holding up concrete panels on the ceiling m
where it should be and and the bloated defense budget. unnecessary social programs. me? i think we aren't where we need to be yet when the it comes to abandoning all the hope. i think the postfiscal cliff world has -- not to matter. those people are polyannas. i think we go into a recession with lots of layoffs and the fiscal cliff was designed to compromise. the cliff was designed to scare legislators into rising above politics and compromise. everyone knew about the growth. just like in europe. means it could be, in fact, reduced dramatically. fewer jobs, larger deficit. not smaller. and the federal reserve that's throwing up its hands, can't do anything. as i said last night, it doesn't matter. we can pick our stocks and buy them down. like the fabulous names, amazon, ulta salons. buy them down in scales like i outline in the book "real money." now suggesting other groups giving you a bang for the buck. new groups betting that the hope will be squeezed out and the bottom gets put in before a deal is made -- or not. why not? we know the auto market is for 11 years now and we have been
on military and national defense, number three. increasing taxes on all americans. majority of americans, reducing spending on programs that benefit the poor like medicare and welfare, that's at 51. reducing spending on programs that benefit the elderly like social security and medicare, only at 34. so as you can see again, compromise is an interesting issue. it becomes very, very complicated. so that's a quick snapshot of this survey. [inaudible] ron has done that also. that is coming up, and thank you very much. [applause] >> [inaudible] ♪ ♪ ♪ >> i am 25. this is my third year out of college and i'm on my third job. >> i'm semi-retarded. i've always been a salesman multinational corporations, also a stockbroker. and now i'm selling language programs that is family-owned and run, working a small company is great spent my name is jason. i'm a real estate agent and an investor. >> and i am case manager and also -- spent my name is rod rodriguez. i consider myself leigh keno. born in cuba. when i came to america i was eight years old. really, right now my hobby is my children. >> con
defense, our pasture there, and that of our allies and partners. >> well, yes, i have nothing further to add they are can wanted to discuss that with our allies to determine the times and location so i have nothing more than that. when it comes to missile ballistic defense, there's a problem that affects our partners, allies in the region, as well as the homeland in that we'll continue to wait for opportunity to be able to strengthen our partnerships and our capabilities with our allies to be able to deal with the threats as they e emerge. we're going that today. >> intercepters, anything else? >> at this point in time, i'm not prepared to talk about any of the details of that. i would just say that we continue to look for opportunities to improve our capabilities as the threat set changes and grows. >> [inaudible] india, first trip, give us a sense of what kind relations nay have with india and who will be your proprieties, and basically, u.s. was included as a partner with -- [inaudible] how help you in your activities? >> stating with the last question first. as far as the indian o
maritime self-defense force, a euphemism for the japanese navy. it was at a time when the island was leading on cnn and bbc. i thought as i was sitting between two them there's an opportunity for a canadian to do something extraordinary from an naval diplomatic perspective and put this thing to bed. [laughter] >> how did that go? >> not too well, not too well. [laughter] which is my point. i spoke with the chinese admirals interpreter. i spoke with admiral commander in english, a great conversation. but never was the bridge build or even considered. and i think one of the key issues here, with respect to china as they emerge, as a real leading nation is the ability to build bridges, to communicate to build strategic trust and cooperation, to enable every forum, the east asian summit, asian, and others, all bilateral come multilateral relationships in order to keep the volume as well as possible spent last year i had the privilege of interviewing henry kissinger about his book on china. in their there's a chat about strategic trust. i said i can ask kissinger if you still kissinge
to conference and pass a defense authorization bill. we have time to debate and avoid the fiscal cliff. we have time to address a farm bill and dozens of others -- other important issues, and we have time to address the transcend ant issue of the universal rights of mankind. mr. president, i yield the floor. the presiding officer: the senator from south dakota. mr. thune: i rise today in strong support of the legislation before us to enact permanent normal trade relations with respect to russia and moldova. this will put in place a new mechanism for combating human rights abuses, commonly known as the magnitsky bill. the economic argument for the legislation before us is clear. russia is the world's sixth largest economy. the world's fifth largest global importer of agricultural products and home to 140 million potential customers, the largest consumer market in europe. russia is already an important and growing market for united states businesses. of the top 15 u.s. trading partners, russia was the market where american companies enjoyed the fastest export growth last year at 38%. if we enact
it was a forbidden topic in the defense department. this was through 2004. i got funding from the department of defense and it created the energy conversation. i want to get to a point that was brought up in number of times, having the american public understand this unbelievably complex story. i recommend you all watch alan alda's vido, "the flame." when he was 11 years old -- he asked what a lfmae was and could not get a good answer. university and they put on a worldwide contest to explain what a flame is to 11 year-old. they had 600 submissions and 6011 year old evaluated this. keep in mind how complex that is. i bought a book two weeks ago called "black gold" for my granddaughter by albert marin. i recommend of the academics in this room or anywhere. not many people are going to read or understand your report. a lot of what needs doing telling this story as that it has to be visual because it is so unbelievably complicated, interdependence, integrated, and for most of us, it just looks like chaos. i'm going to suggest that you do things like kids were studying english working with those
recently this week in working through a large and complex defense authorization bill that will keep our nation safer and more secure in these perilous times. it will take more of this kind of cooperation and consensus building to address the very real and substantial challenges facing our nation today. that is why i'm deeply concerned about a proposal floated recently by some members of the majority regarding the rules of the senate. they propose to change the nearly 100-year-old senate rule that requires a two-thirds majority to change the operating rules of the senate. our colleagues in the majority are proposing to use a simple majority vote to make the change. that's the issue here. the issue is the manner in which they plan to do it. once the precedent of changing a rule with a simple majority vote is established, 51 senators could change the rules to suit their own convenience. in other words, they want to break the rules in order to change the rules. that would be a big mistake. that would be, as the majority leader himself said in his own book, the death of the senate. votes tha
as heterosexuals as it rules on california proposition 8. justices will determine if congress under the defense of marriage act can depry legally married gay couples benefits that available to straight husband and wives. we'll have more on that with the panel in a little while. they can carry a tune all the way to the bank. but the top musicians backing up their rants against the 1%ers? that is coming up in the grapevine. up next, what happens if diplomacy fails in syria? begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ male announcer ] taste it and describe the indescribable. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. ma
command, one of the six unified geographic departments in the department of defense. what you may not know is that general ham is the only four star general currently serving in the army who started off as an enlisted enininfantry man. on my business, they talk about self-made entrepreneurs with great respect. i think we have one of the great self-made generals. general ham's service spans the nobody, including saudi aabe ya, qatar, macedonia and iraq. and what a career he has had. before taking the lead at u.s. africom, general ham was the commander of europe. mike his decorations, the defense superior medal. the legion ofmeter with two oak leaf clusters, the bronze star medal and the joint service commendation medal. it's a privilege to have general ham with us here today, and on behalf of everyone assembled i'd like to thank him for his service to the country. please join me in welcoming general ham the floor and thanking the homeland policy institute for convening this event. general ham. [applause] >> i think you can probably abbreviate that introduction and say, i'm a pretty old sold
of not only regional security in asia, but also global security. >> i'd like to follow up on missile defense and dig a little deeper if possible. how concerned are you about the potential loss of the use of s.d.s. has an asset in your region, and the fact that the missile defense program here in the states hasn't produced the successful intercept since 2008. as a follow-on to that, can you go into what you think your vision should be for adapting the p.a.a. that's in europe into asia? leaders here have said they would like to do some sort of p.a.a. in asia. >> well, you ask a lot of questions in there. >> well, let me talk about the s.b.x. in general. it was built as a research platform. it wasn't designed to be in a long-term baltic missile ark terk tour t. still has benefit in research and development, but since it was built, my estimation is that the overall sophistication of the keanlts have grown and grown globally so that the need to have s.b.x. in that role has diminished over time because other capabilities are mature enough to be able to not have to have it. as far as the ability fo
defense capabilities have been reduced with massive cuts in the defense budget, and perhaps more on the way. we've seen a president who is very comfortable with american decline, who seems to think that the united states is part of the problem, who thinks that a strong, assertive america with a major place in the world is part of the problem and is happy to have our influence recede. i think the vice-president's emphasis on our lack of credibility is quite significant when you hear administration spokes people talking about syria and tell assad there will be consequences if he use chemical weapons. what do they mine, indicting him in the international criminal court? that's their idea of serious consequences. it's no wonder that neither assad nor other dictators pay attention to us. >> greta: it's a real immediate risk that something will happen to those chemical weapons with the president of syria, and if something does happen, it will be a minute before tens of thousands of people will be dead. i'm curious. what would you -- number one, with 20/20 hindsight, what would you have
deals we have a big cut to defense budget, nondefense. add up it it's 4.5% of the nation's g.d.p. that jus evaporates. >> schieffer: what do you, will happen? >> i didn't believe we would get as close to the wire. i sit in exphurk and look from the mark's perspective. i think there were great hopes that we would do better than we have so far. i am worried we will go over the fiscal cliff, in part to have a reset. if we any over, republicans could start talking about cutting taxes on the middle class, as opposed to keeping them up on the rich. and the democrats will could potentially get a better deal. we can see this has happened in europe. when you have this kind of brinksmanship over and over and over again, and you go back and forth, markets start to get very burden they've been very volatile. and i think businesses have been holding back on investments. you can see big capital spending by businesses in last four months has been way down, about 8%. there should be a boom going on right now. we have a construction market boom, we have an energy field that is booming. compan
on their fair shares and higher taxes on dividends. and the bloated defense budget. unnecessary social programs. i think we aren't where we need to be when it comes to abandoning all hope. i think those people are polyannas. i think we go into a recession with lots of layoffs and the fiscal cliff was designed to pr compromise. everyone knew about the growth. fewer jobs, larger deficit. as i said last night, it doesn't matter, we can pick our stocks and buy them down. ulta salons, but i want to suggest to other groups that are going to give you bang for the buck, betting that the hope will be squeezed out and the bottom gets put in before a deal is made. why not? we know the auto market is for 11 years now and we have been sweet on ford domestically. what are some of the other key areas. asia already turned. i think europe could be stablized. ford is the one to watch. i'm out blessing it. in europe i'm thinking that i'm excited about ford. we have ample evidence today that i'm right. the rates remained too low. and pricing is moving up in california, nevada, arizona all things we learned from th
and that the defense is a good of security assistance management. want to welcome all of you and would will start, i think will start with you, dr. shaffer, since you're the prettiest gal at the table. >> thank you for the opportunity to testify in front of this committee. would often think of iran as the middle eastern country but actually it sits in the crossroads of a number of regions, southwest asia, central asia and the caucasus. and actually the influence between iran and the south caucasus is two ways. not only is iran as you point out directly extremely active in diversion in the region and destabilizing any of the countries that are pro-western in the region, but also there's two-way influence because iran is both multiethnic edged up after member have the operation of a rant is in persian. the whole of the population of iran, a third is ethnic pashtun die. this is what drives iran's policies in the region is to destabilize other to make sure its own ethic by jordi's will not be detracted. and for this reason we find the islamic republic of iran is actually an ally of christian armenia in
that is are aware, are very quick to point out that at this point they have absolutely no defense whatsoever against that type of weaponry. ever since this conflict began, the civilian population has been incapable of protecting itself against bullets and bombs. there most certainly is no defense whatsoever should the regime decide to deploy chemical weapons. >> are they afraid of that possibility? do they talk about that, the possibility of their own government turning on them like that and unleashing these type of weapons? >> they most certainly do, suzanne. especially obviously the conversation amongst those that are aware of it. they do feel that this is a regime that has absolutely no mercy whatsoever, and the greater the tranglehold on regime forces grows, the greater the likelihood that the assad government could, in fact, choose to take this kind of drastic measure against its own population. people have no doubt in their minds about the lengths to which this government -- the assad government will go to stay in power. one rebel commander, we were speaking to yesterday, was saying if you loo
with the national park service and with the department of defense to bring events like this throughout the year and band concerts throughout the summer. this memorial is a very sacred place where we come to visit, to remember, to reflect, and commemorate the defining moment of world war ii. and to honor those who served both on the battle front and on the home front, and the families that were left behind. this me memorial honors more than the 16 million men and women who served in the arm forces during world war ii. and more than 400,000 of those men and women never rushed home -- returned home. and additional millions that supported the war effort from america's arsenal of democracy and from our farmlands on this home front. the world war ii generation fought the most destructive war in history. they fought that war against great odds, not only did they fight and win that war, and safe save this nation. they literally saved the world. this nation will never forget our world war ii veterans, all of our veterans and their families, and especially those who gave all their tomorrows. as a 18-year
rationality to it while it raises more revenue. there are countless opportunities in the department of defense to save money, starting with a quarter trillion dollars in the nuclear arsenal for weapons that we will never use and we don't need. there are opportunities for agricultural reform, and it's been my pleasure to work on bipartisan reform efforts with senator-elect jeff flake and my friend, paul ryan. and there are real opportunities in health care. now, i hope my republican friends will stop the charade we went through this last year and a half of repealing obamacare some 37 times. that train has left the station. the president was re-elected. it's not going to be repealed. the supreme court has decided it's constitutional. and most of the major health care players are busy at work implementing health care reform. but we have barely scratched the surface of the ability to squeeze more value out of the health care system. the united states does not have to spend nearly twice as much as all the other developed countries and actually have health care results that on average are worse than
. the department of defense is concerned about instability in mali and is working closely with our interagency partners to strengthen efforts at countering aqim and affiliates as well as supporting maliian efforts to restore territorial sovereignty. our approach is to support mali's neighbors, to isolate the terrorist threat and to enable ecowas and others to degrade aqim while working to enhance maliian sovereignty. this is consistent with the appropriations act which prescribes certain assistance to the government of any country whose duly elected government is edeposed as a result of a coup. slult the coup, d.o.d. has ceased working with the maliian military. there's an ongoing rebellion that's the fourth rebellion since mali gained their independence. the flow of arms from other countries has made it hard for the country to respond. ecowas has brokered and agreement with the parties to establish an interim government but captain sunogo continues to influence decision making in mali. northern mali has become a safe haven for extremists and terrorist groups including aqim and affiliates. as
against potential disaster. we see the vix very low. they're not taking the type of defensive, decisive action. if we get a downgrade and if this happens, it will be terrible for the market. that's what's potentially on the market, if we don't make a deal in washington. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is actually constructive from the standpoint it causes people to come together and compromise because going over the cliff while we may do it for a short time period is not beneficial to anybody. it hurts everybody. >> so risk assets being, what, technology? what does that mean, technology? >> not necessarily. we would stay with dividend payers. we w
. darden shares were down 10% yesterday. the founder of software company autonomy is on the defense. this week, autonomy founder mike lynch launched a website addressing allegations of accounting fraud by hewlett- packard. hewllet recently accused autonomy executives of inflating revenues prior to hp aqcuring the company last year. a statement on the website reads "the former management team of autonomy strongly rejects the accusations made by h-p." general motors is putting the brakes on the production of some cars and trucks. according to the wall street journal, the automaker has an overload of unsold cars and trucks. over the holidays, gm plans a 3-week shutdown at its lordstown, ohio, plant, where the chevy cruze is built. shutdowns may happen at another factory as well. meanwhile, ford is increasing production by 11% next year. disney fans will soon have new choices to add to their netflix queue. disney plans to sell the rights to some of its new movies to netflix. starting next year, netflix users will be able to watch disney releases at home shortly after the movies hit the
. that is as much as the entire defense budget. which is why in this autumn statement we showed that this coalition government is confronting the country's problems instead of ducking them. today we reaffirm our commitment to reducing the deficit, setting out the details of our spending plans for 2015-'16 and rolling forward an outlined framework into 2017-'18. we show our determination to do this fairly with further savings from bureaucracy, from the benefits bill and from the better off. we go on equipping britain to succeed in the global race by switching from current spending to capital investment in science, roads and education. we offer new support for business and enterprise so they can create the jobs we need. and in everything we do we will show today we are on the side of those who want to work hard and get on. mr. speaker, the office for budget responsibility has today produced its latest economic forecast, and it is a measure of the constitutional achievement that it has taken for granted that our country's forecast is now produced independently of the treasury, free from the political
of plotting to destroy his country. bill: . the government moving defense missiles to turkey. it will be defensive posture only. the western alliance is set to okay those weapons. the patriot missiles not expected to arrive in turkey until next month. martha: let's go to egypt which is also very volatile at the moment. the presidential palace is looking like an armed palace. they stationed tanks after a night of deadly protests. the estimate is five people lost their lives. it's the violence in the two weeks we watched the protests that led over a mob made it way over to the presidential balance has. we saw the live scenes with steve harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly u
with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect your spending, your lifestyles, or the economy in any significant way. let's make sure that 98% of americans don't see it -- a single dime in tax increases next year. >> so, john boehner, the speaker for the republican party in this partisan fight is saying, he's already socking it to the rich. he's willing to raise their taxes in various forms but just n
was recently turned over to the defense. zimmerman claims he shot martin in self-defense. >>> flu season is under way and it could be a bad one. suspected flu cases jumped last week and this year's strain is making people sicker than others. now, here's the good news. this year's vaccine is well-matched to the virus and should take care of 90% of the flu cases. >>> a rare positive side effect to hurricane sandy, the auto industry reports that cars have been flying off the lots. mandy drur ree is here with what is moving your car sales. >> car sales rose 15%. you were saying it. we had to see a lot of replacement of cars and trucks damaged in the hurricane. but at the end of the day it's contributed to the industry's best monthly sales rate in four years. for example, chrysler continued an amazing year with november sales up about 14.4%. all in all, if you put it all together, it totals exceeding most forecasts and hopefully also back up some of the forecasts that the revival of the industry could continue into next year as well. if november was a good month, this month has the potential
that we double defense, a tree today whole new category of spending called homeland security, went to war twice totally on a credit card, created a brand new entitlement medicare part d, and we have the aging of a population that means the entitlement programs that have been wonderfully successful, those of us were willing to say we need to entitlement reform, not because medicare and social security have not been successful, they have been, and consequently, all we are living a lot longer, which is good, but it does mean the math -- when i was a kid, 16 people were working paying for everyone retiree, now is 3 to 1, and in a decade will be 2 to 1, means we have to make adjustments. the math deniers around that i have a hard time grappling with. >the sense in-bowles -- simpson- bowles gang had $2.40 -- $ 2. tralee4 in in revenue. if we think we need to go bigger, which i do believe -- $1.6 trillion is still only 1/3 of what we had in the revenue line in the 90's. in my memory, the american economy did pretty darn well. i do think there are ways to get there. on entitlements, i find we hav
cuts and entitlements or at least reform there. hasn't heard as much from defense. you are from a state that relies on that defense budget. it will get cut substantially. where does defense end up if we do get a deal? >> everybody wants to avoid sequestration. lots of my friends in the defense industry say don't do sequestration. do simpson-bowles indicating they have not read simpson-bowles because it was almost as high as sequestration in the top number. the numbers are roughly within the budget control act over ten years about $480 billion of defense cuts. sequestration almost doubles that. i think you'll see something north of 480 billion. substantially lower than that 950. what folks in defense industry have said is in addition to giving us a number, give us the ability to plan. one of the things that hobbles our defense industry more than anything is the absurd way we have run the federal government on three and six-month continuing resolutions. give us a window to plan and any legitimate business can plan against the budget. give us that number. >> some see that debt limit contro
a problem? yeah, short recession, but we get defense cuts which republicans would never agree to otherwise, there are human service cut which is we won't like, but the least possible damage. and it's a serious down payment on the deficit. the wall street people ringing their hands are really full of it. i'm not sure what. but full of something because they're going to see a big drop on wall street but it will come roaring back because somebody has done something. so you have him and all their friends and the right and all their friends and the president who i don't think if he can ever get out of campaign mode. it's a full on campaign again. putting one party into -- >> you're right, the amt will hit more people in the middle class and raise their effective tax rate to a higher rate than they were today. and you won't -- >> you have obamacare 4% on everyone, too. >> if you lieu numerically, it doesn't make sense if one side says we're not going to race taxes on the middle class -- >> although republicans would probably bear the brunt of the blame for what would happen if we go over the fis
. >> defensive lineman josh brent been charged with intoxication manslaughter after an accident that killed his teammate, jerry brown. officers say it appears brent's vehicle was going at a high rate of speed when it hit a curve, causing it to overturn. the accident happened around 2:20 a.m., a few hours before brent was supposed to be on a team flight to cincinnati. >> we have two different groups of investigators working together but it takes time to retrace where they were, how long they were there, people that may have seen them beforehand. >> investigators say jerry brown was a passenger in the vehicle and was pronounced dead at the hospital. the 25-year-old signed to the cowboys in october. cowboys owner jerry jones released a statement saying the team is deeply saddened by the accident and brown's death. josh brent was arrested and pleaded guilty to d.u.i. charges in 2009. >> we are getting a better picture of what happened the morning kansas city chiefs linebacker jovan belcher shot and killed his girlfriend, then himself. missouri police released dash cam video from their police car sh
cut. defensive stocks also helped you push the asx 200 higher. sensex trading lower by 0.3%. back to you. >> all right. here we are european stocks, first trading day of december, an hour and ten minutes in to the session. not bad last month. ftse up 1.5%. we're weighted to the up side a little bit more than 7:2, advancers outpacing decliners on the stoxx 600. ftse up 1.5% last month, dax up 2, contact 340 up nearly 4%, xetra dax up 0.4%. the ibex fairly flat. let's show you where we are with bond rates, as well. we'll take a look at gilts. slightly lower, 1.77%. big day for uk. manufacturing pmis out for the month of november. italian and ten year sbpanish yields are also lower. down on the greek announcements, but substantially below 6%. ten year bunds 1.37%. those yields slightly higher. on the currency markets, we talked about this euro-dollar six week high. below that at the moment, but not by much. dollar-yen moving off the 7 1/2 month high at 82.17. aussie dollar weaker despite the good chinese data. dipping below 1.04 earlier on. we had retail sales data that was a little
to talk about energy when it was a forbidden topic inhe defense department. this was through 2004. i got funding from the department of defense and it created the energy conversation. i want to get to a point tha was brought up inumb of times, having the american public understand this unbelievably complex story. i remmend you all watch alan alda's vido, "the flame." he asked what it was money was small and could not get an answer. he went up was don every university andy put on a worldwide contest to explain what a flame is to 11 ar-old. they h 600 submissns and 6011 year old evaluated this. keep in mind how complex that is. i bought a book two weeks ago called "black gold" r my granddaughter by albert marin. i recommend ofhe academics in this room or anywher not many people are going to read or understand your report. a lot of what needs doing telling this story as that it has to be visual because it is so unbelievably complicated, interdependence, integrated, and for most of us, ijust looks like chaos. i'm going to sgest that you do things like kids were stying english working with th
been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [ laughter ] ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. thonly place in the world you'll find the extraordinarily comfortable slp number experiee. an exclus
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